The deal includes the town’s most dominant building, Export House, that is let entirely to Telewest, and Alexander House a smaller office block let to Surrey County Council that has recently announced it plans to bring County Hall to Woking. The sale was brokered by CB Richard Ellis and is the first shopping centre acquisition to be announced since the merger of CB Hillier Parker and Insignia Richard Ellis. The new owners of the long leasehold are IM Properties. IM acquired the complex from West Bay estates Ltd. Wolsey Place was originally developed by Norwich Union in the mid 1970s and was the first complex of its type in the town. It has since been extended and refurbished on a number of occasions and currently has a high level of occupancy with major retailers including Sainsbury’s, Boots, WH Smith, Dixons, Robert Dyas and New Look. In all Wolsey Place comprises 230,000 sq ft of retail space while Export house is nearly 100,000 square feet. Wolsey Place has continued to thrive alongside the larger Peacocks Centre and plays a key role in fulfilling Woking Town Centre Management team’s objective to make Woking a popular shopping destination. There are no plans to change the management at Wolsey Place led by Richard Wheeler.